ConocoPhillips $COP Holdings Lifted by Everhart Financial Group Inc.

Everhart Financial Group Inc. boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 70.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,405 shares of the energy producer’s stock after buying an additional 6,377 shares during the period. Everhart Financial Group Inc.’s holdings in ConocoPhillips were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp grew its stake in ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after acquiring an additional 50,116,727 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of ConocoPhillips during the second quarter worth approximately $1,260,482,000. Primecap Management Co. CA acquired a new stake in shares of ConocoPhillips during the second quarter worth approximately $1,204,726,000. Legal & General Group Plc purchased a new position in ConocoPhillips during the second quarter valued at approximately $716,151,000. Finally, Jupiter Topco LLC acquired a new position in ConocoPhillips in the 2nd quarter valued at approximately $427,954,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are the primary catalyst. ConocoPhillips is particularly sensitive to commodity prices because stronger realized prices can increase upstream revenue, operating cash flow and shareholder returns. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Zacks Research upgraded COP from “Hold” to “Strong Buy.” The upgrade adds to the stock’s favorable analyst backdrop; recent ratings include Buy and Overweight recommendations, while the median reported price target is $143.
• Positive Sentiment: Recent company fundamentals remain supportive. ConocoPhillips previously reaffirmed full-year guidance, reported strong operating cash flow and doubled second-quarter share repurchases. Its latest quarterly results also exceeded analyst expectations, with revenue up 32.4% year over year.
• Positive Sentiment: Long-term gas exposure and portfolio optimization provide additional support. The company’s 20-year agreement to purchase LNG from Venture Global beginning in 2030 could expand its gas presence, while a potential sale of Norway and U.K. Teesside assets—reportedly valued near $7 billion—could increase capital flexibility.
• Neutral Sentiment: Institutional positioning is mixed. Major investors including JPMorgan, Sixth Street Partners, BlackRock and T. Rowe Price added shares in the latest quarter, but other institutions reduced holdings. This suggests continued investor interest without a uniform market view.
• Negative Sentiment: Recent insider activity has consisted entirely of sales. Three insiders sold shares during the past six months, with no reported purchases. These transactions may modestly temper sentiment, although they do not necessarily indicate a change in the company’s outlook.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COP shares. UBS Group lifted their target price on shares of ConocoPhillips from $153.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Morgan Stanley increased their price objective on ConocoPhillips from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Jefferies Financial Group lifted their price objective on ConocoPhillips from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday. Seaport Research Partners initiated coverage on ConocoPhillips in a research note on Thursday, September 3rd. They issued a “neutral” rating on the stock. Finally, Wall Street Zen raised ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.29.

ConocoPhillips Stock Up 3.4%

Shares of NYSE:COP traded up $4.46 on Thursday, reaching $134.30. The company had a trading volume of 2,917,950 shares, compared to its average volume of 8,117,771. The stock has a market capitalization of $161.34 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.35 and a beta of 0.24. The stock has a 50-day moving average price of $129.08 and a 200 day moving average price of $121.91. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $141.62. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the prior year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 10.62 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is 44.44%.

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.